Which candlestick pattern is considered bullish and indicates a potential reversal of a downward trend? Option: "Evening Star", "Hammer", "Shooting Star", "Hanging Man"

<< Back

Hi

Show Ans

i

Which candlestick pattern is considered bullish and indicates a potential reversal of a downward trend?

"Evening Star"

"Hammer"

"Shooting Star"

"Hanging Man"

<< Back

Hi

Show Ans

i

Which candlestick pattern is considered the bearish counterpart of the morning star?

The doji pattern

The hammer pattern

The bullish engulfing pattern

The evening star pattern

<< Back

Hi

Show Ans

i

What is the recommended trading action when a hanging man pattern is observed?

Sell the stock

Hold the stock

Short the stock

Buy the stock

<< Back

Hi

Show Ans

i

What is the recommended trading action when a hammer pattern is observed?

Sell the stock

Hold the stock

Buy the stock

Short the stock

<< Back

Hi

Show Ans

i

When does a paper umbrella pattern become a hanging man?

When the real body is green

When the real body is red

When it appears at the top of an uptrend

When it appears at the bottom of a downtrend

<< Back

Hi

Show Ans

i

Where does a Bullish Harami pattern typically appear on a chart?

In the middle of a sideways trend

At the top of an uptrend

At any point on the chart

At the bottom of a downtrend